Videos

Portfolio Manager Video Commentary

KEVIN LORENZ, CFA Managing Director, Global Public Markets

Management Team

Kevin Lorenz, CFAManaging Director, Global Public Markets

Biography

Kevin Lorenz is managing director and portfolio manager for the TIAA-CREF organization. Mr. Lorenz, a founding member of the high-yield team, is responsible for managing the organization's high-yield portfolios. Previously, he served as a director with the private placements team, investing in both high-grade and high-yield securities. He joined the TIAA-CREF organization in 1987 as a generalist focusing on the private placement market. Mr. Lorenz holds a B.S. in accounting from Rider University and an M.B.A. in finance from Indiana University. He is a member of the New York Society of Security Analysts.

Jean Lin, CFAManaging Director, Global Public Markets

Biography

Jean Lin is a Managing Director, portfolio manager and research analyst for the TIAA-CREF organization.
Ms. Lin is a co-portfolio manager for the TIAA-CREF High Yield Fund and is also a member of the high-yield team,
responsible for covering the cable, telecom, paper and packaging, homebuilding and building materials sectors. She was one of the original members of the high-yield team, which TIAA formed in 1995. Since that time, Ms. Lin has been investing almost exclusively in the high-yield market.
Ms. Lin joined TIAA-CREF in 1994 and has 20 years of investment experience.
Ms. Lin holds a B.S. in business administration from the State University of New York at Albany and an M.B.A. in finance from New York University. She is a member of the CFA Institute and the New York Society of Securities Analysts.

Our Investment Philosophy

The Fund’s investment philosophy is based on four key tenets:

A rigorous credit selection process, where inherent risks are assessed

A disciplined approach to credit exposure, with the belief that the anticipated volatility of a business’s cash flow should be inversely correlated to the size of the portfolio’s investment exposure

A focus on long-term return and cash-generation potential, rather than periodic price movements

A credit-driven sell discipline

The risks that the fund is subject to include market risk, company risk, interest-rate risk, credit risk, income volatility risk, illiquid security risk and foreign investment risks.

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